The encomienda system is most comparable to a feudal economic system. In both systems, a ruling class is granted control over land and labor, often exploiting the labor of a subordinate class for agricultural production and resource extraction. Similar to feudalism, the encomienda system involved a hierarchical structure where the encomenderos (landlords) received labor and tribute from indigenous peoples in exchange for protection and governance. Both systems highlight inequities in power and wealth distribution, relying on coercive labor practices.
Most people in the US support a Capitalism economic system in which you can make as much money as you like.
The French economist most associated with the mercantile economic system was Colbert.
Capitalism is an economic system in which individuals and private businesses run most industries
the most effective system i think is mixed market
Arguably capitalism
Most people in the US support a Capitalism economic system in which you can make as much money as you like.
it is encomienda
The French economist most associated with the mercantile economic system was Colbert.
Capitalism is an economic system in which individuals and private businesses run most industries
the most effective system i think is mixed market
A dictatorship
Arguably capitalism
Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.
read a social studies book
In your own opinion what economic system is most reliant on the market in solving the problems of what, how, and for whom? Why?
There are several such systems, but the most popular is the laissez-faire system.
The Primary economic system of east Asia is Democracy because they have this in most of the countries that dwell there. But in China they have a dictatorship economic system. REPLY: Democracy isn't an economic system its a type of government and when you said China has a dictatorship economic system, i think you mean they have a command economy.